Market brief FX: The foreign exchange market has quieted down anticipating further signals. USDX lost 0.1% on Friday morning. JPY is growing, but NZD, AUD, EUR add too. At the other end of the spectrum are RUB, TRY, ZAR – lose 0.2% to USD.
Stocks: Markets suspended recovery after a new round of escalating trade tensions in the US and China. Chinese indices are losing 0.5-0.7%, SPX are down 0.4%.
Commodities: Brent fluctuations settled after the collapse on Wednesday, this morning oil lost 0.5% to $ 57.25. Gold closed shy above $ 1,500 on Wednesday and Thursday but reluctant to update recent highs at $ 1,510.
Important Upcoming Events (GMT): 08:30 GBP [!!!] UK GDP Preliminary estimate 12:30 CAD [!!!] Canada Employment 12:30 USD [!!!] US Producer Price Index 17:00 Brent [!! ] Baker Hughes U.S. Rig Count
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- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
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